EPF made RM46mil profit

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More than 15,750 people who delivered packages for Amazon.com Inc’s Flex service filed arbitration claims on June 11, arguing the company wrongly denied them wages and other compensation, lawyers for the drivers said.

KUALA LUMPUR: The Employees Provident Fund raked in a profit of RM46mil through the sale of six retail assets in the Klang Valley and Johor, the Dewan Rakyat was told.

Deputy Finance Minister Datuk Seri Ahmad Maslan said assets sold in the Klang Valley were grocery retail outlet buildings in Bandar Kinrara, Putra Heights, USJ, Klang and Ulu Klang.“The assets were sold to Sunway Real Estate Investment Trust , of which EPF has a 15.24% ownership. This means the assets are not completely lost.

“There are also plans to sell an asset in Kelana Jaya to a government-linked corporation,” he said in response to Datuk Ahmad Amzad Mohamed during Parliament Question Time yesterday.He said EPF also has property investments both domestically and internationally. “Domestically, it has assets worth about RM11bil comprising EPF buildings at the headquarters and all states.“One of the biggest property investments would be the Battersea Power Station,” he said in response to a supplementary question by Jimmy Puah Wee Tse on EPF’s domestic investments.Three Vietnamese women among four killed in car-lorry crash on NSE

 

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EPF records RM46mil profit from sale of six retail assets in Klang Valley and Johor, says Ahmad MaslanMore than 15,750 people who delivered packages for Amazon.com Inc’s Flex service filed arbitration claims on June 11, arguing the company wrongly denied them wages and other compensation, lawyers for the drivers said.
Source: staronline - 🏆 4. / 75 Read more »

EPF'S 1Q income rises 33.1% to RM19.2bilMore than 15,750 people who delivered packages for Amazon.com Inc’s Flex service filed arbitration claims on June 11, arguing the company wrongly denied them wages and other compensation, lawyers for the drivers said.
Source: staronline - 🏆 4. / 75 Read more »